To boost digital transformation Siemens Digital Industries Software has signed an agreement to acquire a leading Independent Software Vendor (ISV) and Mendix partner TimeSeries. After completion of deal TimeSeries will expand capabilities that can help enterprises and ISVs everywhere accelerate their digitalization efforts using the Mendix platform.
- TimeSeries has significant expertise in the development of vertical apps built on the Mendix low-code platform, which will help Siemens accelerate digital transformation by increasing adoption of low-code and offering new apps including smart warehousing, predictive maintenance, energy management, remote inspections and more.
- The acquisition will help customers speed digital transformation through increased adoption of low-code.
- Through bespoke industry apps and best practices, templates and re-useable components that leverage advanced technologies including AI, intelligent process automation, multiexperience, state-of-the-art UI design, multi-cloud, and more Siemens will be able to deliver better experiences to customers, employees, and suppliers.
The major deals and investments by Siemens are mentioned below:
April 2021: In order to boost IC verification portfolio, Siemens Digital Industries Software has signed an agreement with London-based Azini Capital to acquire OneSpin Solutions. Siemens plans to add OneSpin Solutions technology to the Xcelerator portfolio as part of its industry-leading suite of electronic design automation (EDA) IC verification offerings.
Feb 2021: In order to provide digital and secure solution to manufacturers and plant operators, the global tech leaders Siemens, IBM and Red Hat announced a new collaboration. The partners will use a hybrid cloud designed to deliver an open, flexible and more secure solution for industrial customers to drive real-time value from operational data.
July 2020: Siemens announced to acquire California-based Avatar Integrated Systems Inc., a leading developer of place and route software for integrated circuit (IC) design.
June 2020: Siemens had announced that it signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions.
March 2020: The global clean energy provider Siemens Gamesa announced that it will supply 25 SG 4.5-145 wind turbines for one of the Vietnams largest wind farms. Vietnam has one of the best wind resources in Southeast Asian region.
February 2020: Siemens AG announced to acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A. for approximately $1.2 billion. The three companies (Iberdrola, Siemens, and SGRE) have signed a cooperation agreement for specific projects related to wind power generation and to improve the distribution grid.
January 2020: Siemens AG signed an agreement to acquire India based C&S Electric Limited for $296 million, through its Indian subsidiary. C&S Electric is one of the leaders in electrical and electronic equipment for infrastructure, power generation, transmission and distribution in India. The acquisition of C&S Electric will enhance Siemens’ position in India as a key supplier of low-voltage power distribution and electrical installation technology. The merger agreement paves the way for the establishment of a design and manufacturing hub in India by Siemens. The acquisition will also help in the export of electrification products to fast-developing markets around the world.
January 2020: Siemens Gamesa Renewable Energy completed the acquisition of Senvion’s European Service assets and Intellectual Property (IP). The deal strengthen the company’s competitive position in Europe by adding approximately 9.0 GW serviced fleet and operations in 13 countries.
January 2020: Siemens AG signed an agreement with Ghana Grid Co. to upgrade the country’s electricity grid. Siemens will help to improve the Ghana’s ability to supply other West African nations, including Burkina Faso, Togo, and Benin.
About Siemens AG
Siemens is a Berlin-based global industrial manufacturing and technology company. The company has stood for engineering excellence, innovation, quality, reliability, and internationality for last 170 years. The company is focused on the areas of power generation and distribution, manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process.
Siemens is one of the world’s largest producers of energy-efficient technologies; It is also a leading supplier of medical technologies and is providing solutions in IT, industry, finance, and energy. The company is a pioneer in providing intelligent infrastructure and industry solutions to the world.